Info Edge(India) Ltd. — Capital/Financing Update 2023

Feb 18, 2023

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Date: February 18, 2023

1. The Manager- Listing National Stock Exchange of India Limited (Scrip Code: NAUKRI)

2. The Manager- Listing BSE Limited (Scrip Code: 532777)

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam ,

This is to inform you that Allcheckdeals India Pvt. Ltd.(“ACD”), a wholly owned subsidiary of the Company has invested an amount of Rs. 4 Crores in its wholly owned subsidiary-NewInc Internet Services Pvt. Ltd, step down wholly owned subsidiary of the Company. The details of the transaction are given as under:

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----- Start of picture text ----- Sl. Particulars DetailsNo.1. Name of the target entity, details in brief such NewInc Internet Services Pvt. Ltd. (“NewInc”)as size, turnover etc.Registered Office Address: Ground Floor, 12A 94,Meghdoot, Nehru Place Delhi- 110019Turnover (As on 31.03.2022): Nil2. Whether the acquisition would fall within ACD is a wholly owned subsidiary of the Company andrelated party transaction(s) and whether the NewInc is a wholly owned subsidiary of ACD.promoter/promoter group/group companies Accordingly, NewInc is wholly owned step downhave any interest in the entity being acquired? subsidiary of the Company and hence falls in the categoryIf yes, nature of interest and details thereof and of a related party as on the date of making this investment.whether the same is done at “arm’s length”Promoters of the Company have no interest in the saidinvestment.The transaction is done at Arm’s Length basis.3. Industry to which the entity being acquired NewInc is engaged in the business of providing all kindsbelongs and types of internet, computer and electronics dataprocessing services.4. Objects and effects of acquisition (including The said investment is done to meet working capitalbut not limited to, disclosure of reasons for requirement of the NewInc.acquisition of target entity, if its business isoutside the main line of business of the listedentity.5. Brief details of any governmental or regulatory Not Applicable.approvals required for the acquisition.6. Indicative time period for completion of Immediateacquisition----- End of picture text -----

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7.	Nature of Consideration- whether cashconsideration or share swap and details of thesame.		Cash Consideration
8.	Cost of acquisition or the price at which theshares are acquired.		Rs. 4 Crores
9.	Percentage of shareholding/control acquiredand/ or number of shares acquired.		ACD has agreed to acquire 4,00,000 - 0.0001%Compulsorily Convertible Debentures (“CCDs”) havingface value of Rs. 100/- each. Post this investment, NewIncremains the step down wholly-owned subsidiary of theCompany
10.	Brief background about the entity acquired interms of products/line of business acquired,date of incorporation, history of last 3 yearsturnover, country in which the acquired entityhas presence and any other significantinformation (in brief).		NewInc was incorporated on December 27, 2016 andengaged in the business of providing all kinds and typesof internet, computer and electronics data processingservices.Last threeyears turnover:(Rs.)2021-20222020-20212019-2020NilNilNil
			2021-2022	2020-20212019-2020
			Nil	Nil	Nil

This is for your information and records.

Thanking You.

Yours faithfully, For Info Edge (India) Ltd.

CHINTAN Digitally signed by CHINTAN ARVIND ARVIND THAKKAR Date: 2023.02.18 THAKKAR 13:42:32 +05'30'

Chintan Thakkar Whole-time Director & CFO

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